Teck Resources Stock Forecast, Price & News

Teck Resources' stock was trading at $8.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TECK stock has increased by 81.6% and is now trading at $14.89.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Teck Resources is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
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Teck Resources Ltd (NYSE:TECK) announced its quarterly earnings results on Thursday, July, 23rd. The basic materials company reported $0.17 EPS for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.20. The basic materials company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.73 billion. Teck Resources had a positive return on equity of 3.65% and a negative net margin of 10.04%. Teck Resources's quarterly revenue was down 45.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS.
View Teck Resources' earnings history.

Teck Resources announced a quarterly dividend on Tuesday, August 25th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.037 per share on Wednesday, September 30th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Monday, September 14th. This is an increase from Teck Resources's previous quarterly dividend of $0.04.
View Teck Resources' dividend history.

16 Wall Street analysts have issued 1 year price targets for Teck Resources' shares. Their forecasts range from $8.50 to $35.00. On average, they anticipate Teck Resources' stock price to reach $20.00 in the next year. This suggests a possible upside of 34.3% from the stock's current price.
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Teck Resources saw a decrease in short interest in the month of August. As of August 14th, there was short interest totaling 8,980,000 shares, a decrease of 14.2% from the July 30th total of 10,470,000 shares. Based on an average daily trading volume, of 4,050,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.7% of the company's shares are sold short.
View Teck Resources' Short Interest.

Some companies that are related to Teck Resources include Vulcan Materials (VMC), Martin Marietta Materials (MLM), Sociedad Quimica y Minera de Chile (SQM), Mdu Resources Group (MDU), Hecla Mining (HL), Compass Minerals International (CMP), Summit Materials (SUM), LYNAS CORP LTD/S (LYSDY), United States Lime & Minerals (USLM), GalianoGoldInc . (GAU), U.S. Silica (SLCA), Ciner Resources (CINR), Intrepid Potash (IPI), Piedmont Lithium (PLL) and Covia (CVIA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Micron Technology (MU), Freeport-McMoRan (FCX), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Tesla (TSLA) and Zynga (ZNGA).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include Letko Brosseau & Associates Inc. (3.02%), Vanguard Group Inc. (2.60%), TD Asset Management Inc. (0.88%), Bank of Nova Scotia (0.78%), CIBC Asset Management Inc (0.63%) and Impala Asset Management LLC (0.55%).

TECK stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Alberta Investment Management Corp, CIBC Asset Management Inc, Impala Asset Management LLC, Great West Life Assurance Co. Can, Vanguard Group Inc., FIL Ltd, and Letko Brosseau & Associates Inc..

TECK stock was purchased by a variety of institutional investors in the last quarter, including QV Investors Inc., Bank of America Corp DE, PM CAPITAL Ltd, Toronto Dominion Bank, Point72 Asset Management L.P., FMR LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Two Sigma Advisers LP.

Shares of TECK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TECK stock can currently be purchased for approximately $14.89.

Teck Resources has a market capitalization of $7.79 billion and generates $8.99 billion in revenue each year. The basic materials company earns $-455,930,000.00 in net income (profit) each year or $2.22 on an earnings per share basis. Teck Resources employs 10,100 workers across the globe.

The official website for Teck Resources is www.teck.com.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The basic materials company can be reached via phone at 604-699-4000 or via email at [email protected]